Should You Buy AMD Stock on the Dip?

Advanced Micro Devices (NASDAQ: AMD) has been one of the worst stocks to own over the past year. While investors were excited about AMD potentially taking market share from rival Nvidia in the all-important data center market, that hasn't manifested. Furthermore, the rest of AMD's business has been rather ho-hum, which has caused the stock to decline over the past year.Since peaking last March, the stock is down over 50%, while most other stocks in the market are up. If you had invested in Nvidia, on the other hand, you'd be up over 50%. That's a huge mismatch in performance, but is it possible for AMD to turn it around? After all, a 50% decline could be a huge opportunity to profit from a turnaround play.While Nvidia focuses on one thing, graphics processing units (GPUs), AMD is much broader. It has offerings comparable to Nvidia's, but they haven't taken off in the data center market, and AMD continually underperforms Nvidia in this segment. The thesis last year was that AMD could take market share away from Nvidia as the focus in AI turned from training to inference, but that takeover never manifested.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool